Tackling climate change requires a just transition to a low carbon economy

When he was environment secretary, David Miliband asserted that only Labour could tackle climate change. He argued that this was because only Labour recognised the need to intervene in markets. The Conservatives’ instincts, he said, would always pre-dispose them to solutions that stopped short of the measures necessary to set our economy on the route towards a low carbon, sustainable future. This, of course, was after the Stern report which had said that climate change was the greatest market failure the world had ever seen.